How Much Does a Boat Cost (to Buy and Ongoing Costs)?

In November 2021 we bought a boat so that we could get to and from our new waterfront, boat access cabin. It’s a brand new 18 foot Hewescraft 180 Pro V (pictured above). Buying this boat was a crash course in quickly learning how much it costs to buy a boat plus all the additional boat ownership costs and ongoing costs.

To put it bluntly, a boat will very likely cost you more than you anticipate. It sure did for us. But then we didn’t take many measures to keep the cost down which I also set out below.

This detailed cost of a boat article will be based on our boat purchase but obviously, every cost element will have a range which I’ll explain.

The boat we bought (for context): The 18-foot Hewescraft 180 Pro V is an aluminum, hardtop fishing boat (I researched aluminum vs fiberglass boats extensively). We bought it brand new with a 115 hp Yamaha motor and a 9.9 hp kicker. We bought the trailer as well. I plan to fish with it but our main purpose for it is to get to and from our boat access vacation property.

Where we’re located: Ongoing boat costs will vary by location. We’re in a metropolitan area (Vancouver, BC Canada) so moorage is expensive (as are taxes on the initial purchase as you’ll see below).

The cost of owning a boat is comprised of many different costs which are all broken down below. All prices are in Canadian.

Interesting Boat Cost Figure: The entire first-year cost of our boat was 46% more than the actual cost of the boat, motor and trailer. This is a good number to keep in mind because it can be applied to any boat purchase. The bigger and more expensive the boat, the higher the associated costs with it. That said, if you get a great deal on a used boat, the additional costs could be a higher percentage.

The point: A boat will cost you considerably more than the sticker price of the boat, motor and trailer. To be safe, estimate additional costs to be 40% to 60% of the purchase price of your boat.

Contents show

Boat Cost Short Answer:

Boat, motor and trailer cost: $98,455 (highly variable number depending on the type of boat you buy)
Boat accessories and gear: $4,028 (there are a lot more boat accessories we will buy going down the road)
Legal (license and registration): $160
Ongoing annual cost (marina, insurance, gas and maintenance): $10,229 per year (estimated). This can be reduced if you don’t pay for a marina boat slip and do your own maintenance. Gas cost is entirely based on your boat and how much you use it.

TOTAL FIRST YEAR BOAT COST: $112,712

The boat itself

The Hull and motor: $76,998*. We bought new. Obviously, the sticker price for your boat will vary from $1,000 for a used skiff to millions for a new yacht and everything in between. There really isn’t an average boat coast for any particular type of boat because the cost range is huge for every boat category from very used to brand new.
Second motor (9.9 hp kicker): $5,280. The thought of being stranded on the water in the event our main motor died was not a good one so we bought a second backup kicker. We also have paddles on board.
Trailer: We bought an EZ Loader which cost $3,700.
Underside paint job (we don’t plan to take it out of the saltwater much at all): $1,600
Boarding ladder (attached to the swim platform): $350
Taxes: $10,527. Boats are taxed quite a bit in our neck of the woods. Taxes are one of those costs you don’t anticipate and in this case it added up to being a sizeable amount. Of course, taxes will vary by country and region.

*Obviously, the amount you spend on your boat will vary tremendously. It might be a few thousand for something used to millions. There is not standard price.

TOTAL BOAT COST: $98,455

Boat accessories

You will need some boat accessories. They really are boat necessities. Below I list out all the additional boating gear we bought. I no doubt will spend thousands more on boating gear over the next few years.

NOTE: Whether something is necessary depends on your jurisdiction. For example, in Canada we must have flares and a fire extinguisher on board. This may not be the case in all jurisdictions. I strongly recommend you review the necessary safety equipment to have on board in your area.

Lowrance Elite FS 9 GPS, Sounder and Plotter: $2,130*
6 Life jackets (boat seats 6 people): $300
Safety kit (Flashlight, whistle, float line): $15
Flare gun and flares: $105
10CB fire extinguisher: $70
Standard Horizon VHF: $995
Telescoping Boat Hook: $50
4 Fenders and lines: $108
3 Dock lines (3/8″ think x 15′): $105
Bow to shore line (1/2″ thick x 100′ long): $50
2 Wooden paddles: $100

I had no idea about all the on-board tech options when shopping but quickly learned and the idea of a high-end sounder/fish finder/GPS sounded like a great idea. Sure enough, when on the water, while costly, this is an amazing accessory to have. It’s super helpful just knowing how deep the water is, let alone finding fish for when we fish, charts, speed, water temperature and so much more.

TOTAL BOAT ACCESSORIES COST: $4,028

Boat insurance

Our marina requires that our boat be insured up to $1 million third party liability. I bought $2 million third party liability.

TOTAL: $1,500 PER YEAR

Boat license and Registration

In Canada, we must get a boat licence which includes paying $60 for the course and then taking the test. This is not optional. On top of that, we had to pay $100 to register the boat in British Columbia.

Boat licensing test: $60
Boat registration: $100

TOTAL: $160

Boat storage/moorage cost

Obviously, the boat slip cost is optional. I have no interest in having to muck around at boat launches every time I want to take the boat out. We’ll be using it a lot to get to and from our cabin so I’m willing to pay for the convenience of a nearby marina slip.

Most marinas charge by the foot.

25′ Boat slip: $3,729 per year ($311 per month). That comes to $149 per foot per year or $12.44 per foot per month.

I leased a 25′ boat slip at a local marina (10 minutes from our house). Moorage cost can vary quite a bit depending on where it’s located and length. If you’re in a less busy area it might cost quite a bit less than where we are which is Vancouver, BC. That said, there are many marinas within a 50 mile radius just because Vancouver is a coastal city.

How big of a boat slip do you need?

It can be confusing because boat length does not include the motor yet a marina does include motor for boat slip length. Therefore, if your boat is 20′ long, you’ll need at least a 22′ boat slip and possibly 23′ slip.

Trailer storage: We don’t plan to take our boat out of the water so now we have to store our trailer. For now it’s in a driveway but I imagine at some point I’ll store it at some RV/boat storage lot which can cost anywhere from $10 to $100 per month.

TOTAL: $3,729 PER YEAR

Boat fuel cost

Boats guzzle gas. That’s all you need to know. How much you spend on gas depends on the size of your motor/boat and how much you use it (and how far you go each outing).

To gas up at a local marina on the water costs $1.99 per liter which is $7.58 per gallon (there are 3.79 liters to a gallon). Our boat’s gas tank holds 48 gallons. That means it costs $365 to fill it up from empty (unless gas prices go up or down which they will).

It gets about 5 to 7 hours run time on a tank. Our house is a 40-minute boat ride from the marina. That means we will need to fill up roughly every 4 round trips to the cabin and that doesn’t take into account using it in addition to commuting to the house.

If we head up to the cabin 10 times per year that’s 3 tanks of gas totaling $1,095 per year. I suspect I’ll be using it way more than that and won’t be surprised if gas ends up costing $3,000 per year.

TOTAL: $3,000 PER YEAR (ESTIMATED)

Boat maintenance cost (estimated)

I plan to have the service outlets at our marina service our boat. I expect this to cost $2,000 per year.

TOTAL: $2,000 (ESTIMATED)

Boat Cost Recap (Purchase, Accessories and Ongoing):

Boat, motor and trailer cost: $98,455 (highly variable number depending on the boat you buy)
Boat accessories and gear: $4,028
Legal (license and registration): $160
Ongoing annual cost (marina, insurance, gas and maintenance): $10,229 per year (estimated). This can be reduced if you don’t pay for a marina slip and do your own maintenance. Gas cost is entirely based on your boat and how much you use it.

TOTAL FIRST-YEAR BOAT COST: $112,712

Collateral cost: Truck

This is obviously not a direct cost because I owned the Toyota Tundra before buying the boat but it may well be the case that you don’t have a vehicle that can tow a boat and so you need to buy one.

Average Boat Prices by Boat Type

Below is a mountain of research setting out the average cost for many different types of boats. Research was conducted from December 2 to 6, 2021. The used prices are samples from various boat listing websites.

1. Bowrider Boats

Prices will vary depending on length, amenities, and brand.

Price Affecting Factors:

Size – 18’ $23,000, 22’ $25,000, 26’ $37,000 – best value is 22’ because you get additional 4 feet for $2k instead of $11k
Engine – you can choose between outboard, or sterndrive. Outboards are cheaper, they have better fuel efficiency but you sacrifice space on the deck.
Accessories – a minimal boat will be cheapest, but boats can coming fishing packages, swimming platforms, stereos, refrigerators, and table. This will all hike up the cost
Location – prices of boats will be very different depending on the demand of the area. A person will not sell a boat in Nebraska for the same price as a person in Miami.
Brands – different brands will obviously have different prices and different priorities of quality as well, like prioritizing accessories over fuel efficiency, look over workability, etc.

Examples of Brands:

Bayliner: $16k-35k (16’-22’)
Bryant: $106k-125k (21’-27’)
Cobalt: $92k-292k (23’-35’)
Four Winns: $33k-242k (18’-35’)
Rinker: $31k-67k (18’-26’)

New: 16’: 17k / 22’: 35k / 25’ or longer <100k

Used: 1996 for $6K, 2007 for $10K, 2018 for $32K

Sources:

2. Cabin Cruisers

Price Affecting Factors:

Day Cruising vs. Night Cruising – some come fully equipped for spending extended periods of time on board (sleeping, cooking, bathroom) and a large space staterooms (bedrooms) whereas day cruisers are more for small storage for food, lounging, swim platforms, etc.
Size – Think of a cabin cruiser as half boat half RV — the bigger the RV, the more amenities it will have, the more expensive it will be. They usually range from 25-45 feet in length
Accessories – Because of such variety in amenities and size, prices will vary greatly as well. Below 100k, it’ll be more of a muddy cabin, above 500k it’ll be more like a yacht

New: $100k-$500k

Used: 62’ (1990): $185k / 30’ (2000): $36k / 27’ (2020): $185k

Source: Rightboat.com

3. Canal Boats

Though a less conventional option for a luxury boat, there is the canal boat, otherwise known as a narrow boat. What originally started as a transport vessel eventually became a popular vessel for leisure travel or
even residence.

Price Affecting Factors:

Quality – Canal boats are made to be very durable and have serious longevity because they are built for long transport trips. They are made from very high quality steel which ends up being very expensive.
Utilities – These boats are made to host a large crew and a large amount of cargo. Shells will be less pricey, though vessels with amenities and sleeping areas will obviously cost more.
Size – sizes of canal boats have unusual dimensions: they must be a minimum of 7 feet wide, and can only be a maximum of 57 feet long. If you’re looking to use a canal boat for leisure purposes, it will have to be very long in order to have any relaxing space.
Engine – the vast majority of canal boats are going to come with diesel engines. Diesel engines are made for long distance travel at low speeds. Travelling at high speeds for short distances ends up being very fuel inefficient.

New: Basic Shell: $50k – $100k
Used: 50ft (1996): $48k / 67’ (2008): $132k

Source: Yachetworld.com

4. Catamarans

Price Affecting Factors:

Number of Hulls (size) – smaller catamarans will have a single cabin in between the two hulls, whereas larger catamarans will have a cabin in the centre, and a cabin in each of the hulls as well
Sailing vs. Powered – Powered is more expensive but helps with sea sickness and sometimes speed, whereas sailing is less expensive (both mechanically and fuel wise) but rocks a lot more
Amenities – depending on the size, catamarans can easily be used as an overnight vessel as it can come equipped with beds, bathrooms, fridges, etc. Smaller catamarans will only have lounging areas on the deck with almost not space in the centre cabin.

New: $600k – Millions

Used: Large: 1980’s: <$100K / 2015: <$500k vs. Small: 1990’s: <$10k

5. Center Console Boats

Simply any boat that has a steering station on a console in the centre of the boat. Very versatile.

Price Affecting Factors:

Design – many centre console boats are designed for fishing, but there are some that are designed for all sea conditions – they can split open the sea and remain safe over long distances in choppy waters
Capacity – centre console boats come in many shapes and sizes, though the most important measures is the amount of people the boat can hold
Size – does not matter as much as the average boat should be operated by a single person, so 26 feet is generally the largest size for that. Anything larger and you’d want another crew member. That being said, they come in a wide array of sizes and this is the main difference in cost

New: $20k-$100k
Used: 1996: $11k / 2017: $60k

6. Commuter Yachts

The idea behind a commuter yacht occurred in the early 20’s. Rich, wall street men wanted a more glamorous, fun, and fast way to travel from Long Island to Manhattan and vice versa.

These are both transport and sleeper boats. One that can get you home in a jiffy to have a party, or you can have a party right on the boat. It’s comfortable but can still travel 20 knots. They were and still are massively expensive, as they are all huge and come with tons of accessories and amenities.

All of the commuter yachts on the market are antique or vintage. They don’t design boats like the anymore.

New: N/A
Used: 48 ft (1930) $129k / 59ft (2009): $435k

7. Cuddy Cabins

Cuddy cabins are very popular because they are a medium-sized boat that are perfect for both relaxation and for transport. They’re the perfect medium between for activities, travel, and lounging.

Price Affecting Factors:

Size – There is a huge array of size options for cuddy cabins. The smallest measures in at 19 feet with the largest measuring 43 feet, and the average sized boat is 26 feet.
Hull Types – Depending on the manufacturer and the intent for the vessel, they will include various hull types depending on if its meant mostly for fishing, racing, day cruising, etc.
Engine – This is one of the most popular types of higher end boats and they can be manufactured with a has engine, diesel, engine, and nowadays there are tons of electric and hybrid models as well. Different models will have inboard or outboard as well.

New: 21 ft: $680k / 43 ft: $819k
Used: 2006: $199k / 2015: $725k / 2020: 819k

Source: Boattrader.com

9. Deck Boats

Deck boats are a great family boat, and they are designed with one main priority: deck space. These are meant more for family actives and day outings with lots of people (14 people is the recommended maximum).

Size – Deck boats come in many shapes and sizes, with the majority of them falling between 16 feet and 45 feet. The larger the model, the more room for stowage, deck space, and amenities.
Material – The price will vary greatly according to the material used. Something more affordable would be aluminum for smaller boats, and something like fibreglass for something larger and high end.
Amenities – The more space you have the more you can retrofit the vessel with anything your heart could desire, whether it be a kitchenette, swimming dock, toeing line, fishing pole stations, etc. They are one of the most versatile boat options on the market.

New: 16ft: $16k / 32 ft: $100k
Used: 1997: $38k / 2006: $129k / 2021: $119k

Source: Discoverboating.com

10. Dual Console Boats

Dual console boats are mainly designed for water sports, cruising, and fishing. Like their name indicates, there is a console on either side, this way, the steering of the boat can switch between both seats if necessary.

Price Affecting Factors:

Size – There is a huge size variation of dual console boats. The smallest measures in at 17ft, with the
largest at 39ft. The average size is 25 ft. They can carry anywhere from 4-15 passengers.
Engine – Dual consoles can be made with a gas engine, diesel engine, with some electric and hybrid
versions coming available.

New: 16 ft: $10k / 40 ft: $728k
Used: 2008: $495k / 2016: $351k / 2020: $343k

Source: Boattrader.com

11. Fishing Boats

Fishing boats are very versatile and can be fitted with anything a customer could want.

Price Affecting Factors:

Size – Fishing boats will usually range around 16-20ft, as they are needed to travel as well as be comfortable. A fully equipped boat within that size with an outboard motor and standard features can be anywhere from 18-45k
Saltwater vs. Inland – A saltwater boat will usually be made from fibreglass and have electronics that are suited for saltwater conditions. This will make for a pricier boat. Additionally, saltwater boats usually come with 2 motors both for power reasons and for safety reasons. Inland boats will be made of aluminum or
otherwise, as they don’t need to be as tough.
Accessories – You can have almost anything fitted into your boat, or they will come equipped with all of the fishing accessories you could need. Purchasing a shell or a full decked out boat will greatly affect the price as well.

New: $25k – $100k+
Used: 2003: $140k / 2009: $25k / 2020: $474k

Source: Fishingduo.com

12. House Boats

House boats come in every shape and size imaginable. They are a large, flat bottomed power boat with 4 sides and a roof. There are some that look more like houses, and there are some that look more like boats.

Price Affecting Factors:

Size – There’s a massive range of sizing for houseboats with the smallest at 24ft, largest at 111ft, with an
average of 55ft. that being said, they’re usually measured in square footage and size will be the greatest
price affecting factor.
Amenities – Buying a shell will obviously be the cheapest way to get a houseboat started, but there are
amazingly outfitted homes that will cost you quite the pretty penny.
Transport – smaller boats will be able to actually travel through the water are valuable, as most larger
boats cannot travel through rough waters, but are still expensive.

New: 50 ft: $500k / 100 ft: $2 mil.+
Used: 1952: $72k / 2008: $92k / 2020: $1.5 mil.+

Source: Neighbor.com

13. Hovercraft

A less conventional and casual water vessel is a hovercraft. These boats float thanks to a surface of cushion that is filled with air. They not only float on water, but on nearly any smooth surface: grass, ice, snow, marshes, and mudflats.

Price Affecting Factor:

Purpose – since all hovercrafts are more or less the same size, the greatest price affecting factor is its purpose. These aren’t commonly used for recreative purposes, and are more used for rescue missions because they can access areas that aren’t easily accessible by conventional vehicles. Recreator hovercrafts are around 19k, whereas recuse vehicles will be closer to 79k.

New: $19k – $79k (depending on the purpose)
Used: 2014: $47k / 2021: $52k

Source: Neoterichovercraft.com

14. Inflatable Boats

Inflatable boats, though not usually a choice for everyday use, is a great boat that is easy to store when deflated and mostly used for commercial purposes or emergency purposes. They are commonly referred to as dingoes or tenders on larger vessels.

Price Affecting Factors:

Size – since these are pretty minimally designed boats, the greatest factor will be the price. They vary with the smallest at 8 ft, largest at 21 feet, and the average at 12 feet.
Purpose – different boats will be equipped with different equipment for different activities, and power range depending on its purpose. They can be used more leisurely for scuba diving and other on water activities, or for more emergency situations like surf spotting.

New: $1k – $75k
Used: 2015: $9k / 2021: $3k

Sources: Boattrader.com

15. Jon Boats

Jon boats have gained a ton of popularity because of their versatility. They’re a very accessible boat as they come in various materials and are afforadble. They’re used mostly for transportation, fishing, and are valued for their ability to access shallow waters.

Price Affecting Factors:

Size – though they won’t get to be very huge, they come in a good amount of sizes. The smaller the boat the cheaper it will be. They are usually somewhere between 12 feet and 21 feet.
Construction Material – the greatest price affecting factor is construction material. A standard polythene boat is super cheap and reliable, along with wood. Aluminum will be more expensive but sturdy and affordable, but can’t be put in saltwater. Fiberglass is the most expensive but the most resilient.

New: $600 – $3k – $30k
Used: 2006: $500 / 2014: $44k / 2021: $23k

Sources: Flatbottomboatworld.com

16. Pontoon Boats

Pontoon boats are designed to lounge. They are flat bottomed and can float in very shallow water. They’re designed to host a ton of deck space for more leisurely activities.

Price Affecting Factors:

Size – pontoon boats are usually large, and average out at 20 feet. Smaller models are around 17 feet and larger ones push 32 feet. Smaller boats can fit 8 people, whereas larger ones can fit 15 or more.
Horsepower – depending on your purpose, your pontoon boat will require a certain amount of power. If you’re lounging and fishing you won’t need much, but if you’re going to do water sports you’ll need a larger engine.
Accessories – A pontoon boat can come with simple seats and a few tables, or they can include stereos, fridges, and other luxury accessories. This will greatly affect the price.

New: $15k – $175k
Used: $5k – $30k

Source: Avalonpontoons.com

17. Sailboats

Sailboats are probably the most varying type of boat there is. They come in tons of different sizes, materials, and different rigging.

Price Affecting Factors:

Rig – sailboats will be equipped for different things and there are many types of styles. There’s racing boats, sloops, schooners, catamarans, trimarans, sailing cruiser, etc. These will each have different engines etc.
Size – the size is a massive price affecting factor. There are sailboats so tiny that they don’t have a cabin underneath, whereas there are huge sailboats that you could easily live on.
Material – the most high end boats are still made from high-quality lumber and have been since their conception. In modernity there are some that are made from fiberglass, though would is still the preference to most manufacturers and owners.

New: 26ft: $80k / 36ft: $150k and into the millions
Used: 2018: $475k / 2020: $785k

Sources:

18. Skiffs

Skiffs are a very affordable boat type who don’t need to go too far too fast. They’re perfect for day cruising and both fresh or salt water fishing. The can be identified by their flat bottom, pointed bow, and square back. (these are pretty much the same thing as a centre console boat)

Price Affecting Factors:

Size – since they’re all pretty much fitted for just 2 seats and a console, the greatest variation will be the size. These are small boats, usually occurring between 12 and 26 feet with the average being 18 feet.

New: $6k – $30k
Used: 1998: $13k / 2004: $45k / 2020: $187k

Source: Boattrader.com

19. Ski Boats/ Wake Boats

Wake boats have one purpose, and that is to go fast and create the perfect wake for water sport activities. Back in the day, the fewer the people on board, the better the wake. But they’ve been constructing newer models will more seating areas for your loved ones that can still create the perfect wake.

Price Affecting Factors:

Size – the average wake boat will be between 18 feet and 28 feet in length. The largest the boat, the more area for lounging, though most will come equipped with a swimming dock.
Power – this is the greatest price affecting factor. The faster the boat with smoother ride, the better the wake. The type and quality of engine really hikes up the price of these boats, and that’s why they are generally so expensive.

New: $50k – $200k
Used: 2017: $74k / 2021: $129k

Sources:

20. Speed Boats

It isn’t hard to guess what the priority of speed boat is. There are only a few price affecting factors because they can only have so many things if their main need is for speed.

Price Affecting Factors:

Outboard vs Inboard – inboard features the motor inside the shell of the vessel, whereas outboard has the engine on the exterior. Inboard is way more expensive because they are challenging to maintain. Not as much room either, but they go much faster than outboard.
Brand & Speed – these are correlated because there are some boat brands that are known or having the best engines. The higher the speed it can go, the more expensive it will be. For example:
- Fountain 38 NX Powderboat can go 80 mph and is $560k
- Cigarette 50 Marauder can go 135 mph and is $1.2m

New: $100k- $350k (up to $4m)
Used: 2006: $85k / 2017: $469k / 2021: $80k

Sources:

21. Trawlers

Trawlers are huge vessels that are mainly used for overnight cruising and day cruising. They have deep hulls originally used for storing fish, but are now used for lounging and overnight trips. They move slowly over water rather than through it. This makes for low fuel costs!

Price Affecting Factors:

Size – trawler boats are very versatile and can be nearly any size, with the smallest being 23 feet in length
and the longest at 102 feet. The average boat is 40 feet. The greater the space, the more accessories
you can fit. Since they move super slowly, they’re fitted with engines that aren’t too expensive.

New: $30k – millions
Used: 1983: $300k / 1983: $989k / 2018: $6m

Sources:

22. Tug boats

Tug boats are medium sized vessel used for pursuits that are usually commercial though sometimes recreational. They are more old fashioned style boat, and the majority on the market are vintage or antique.

Price Affecting Factors:

Size – the size can vary greatly, with the smallest boat clocking it at 9 feet long with the largest at 109 feet
long. The size will seriously affect other prices, like seating space and amenities. Not only length is a
factor, but floors as well. Tug boats can be multi floored boats that end up being massive.
Purpose – tying in with size, Some can be used as tiny water taxis, while others can be used for overnight
shipping vessels that can carry a large crew.
Engine – size also affects the amount of power needed to run it. A small 9 footer will only need one small
engine, but a giant 100 footer will require multiple engines, especially if there are multiple floors.

New: $500k – millions
Used: 1913: $17k / 1953: $494k / 2021: $930k

Source: Boattrader.com

23. Walkaround boats

These are medium sized trailerable vessels used for on the water activities, like day cruising and fishing
on either fresh or salt water. They’re also called a walking cuddy, and it is technically a fishing boat with a
small cabin. It has 360 degrees accessibility to fishing.

Price Affecting Factors:

Size – Size is a huge factor for pricing. They can be anywhere from 19 to 44 feet long.
Accessories – also depending on the size, depends on the accessories you can have on the boat, such
as a live well for your daily catch, rod and tackle storage, as well as navigation electronics. Some even
have toilets.

New: $50k – $2m
Used: 2005: $35k / 2011: $599k

Source: Boattrader.com

24. Yachts

The most expensive boat one could own: a yacht! These are luxury vehicles that have one priority in mind: style.

Price Affecting Factors:

Age – yachts don’t generally ripen with age, though they can be maintained rather easily as they tend to not be used for long travelling or through rough waters. These are strictly luxury vessels.
Amenities – there is really no end to the amenities of a yacht. There are some yachts that have swimming pools and saunas on the deck. This will very quickly hike up the price.
Size – yachts are generally known for being enormous, with the smallest clocking in at 30 feet and the largest being over 602 feet. Obviously something that massive is going to be pricey, but even the smallest once have a giant starting point.

New: $500k – hundreds of millions
Used: 2002: $359k / 2021: $1.1m

Sources: